How does the budget for the EU Strategy 2014-2020 look like?

The EU budget for the period 2014-2020 is 1,082 billion euros. The Multiannual financial framework (MFF), which is the other name for the 2014-2020 EU budget, is split into six headline areas, which are (1) Smart and Inclusive Growth, (2) Sustainable Growth: (3) Natural Resources, (4) Security and citizenship, (5) Global Europe, and (6) Administration.… Continue reading How does the budget for the EU Strategy 2014-2020 look like?

Inside the Doomsday Machine

Risk comes from not knowing what you’re doing. – Warren Buffett This article is about the powerful doomsday machine, which by paradox is the same machine, defined by Adam Smith, that has brought market economies wealth  and high standards of living, and at the same time in the information age risks bringing us into collapse.… Continue reading Inside the Doomsday Machine

Backstage on Wall Street

On Saturday mornings, I like to browse and digest the current weeks issues of Time Magazine and Newsweek. I have subscribed to them since the 1980s and I have piles of old issues on paper, but no more. From this issue Newsweek is published only on iPad and other digital media. This transformation of the… Continue reading Backstage on Wall Street

The Black Monday–25 years later

“History does not repeat itself, but it does rhyme.” – Mark Twain Today 25 years ago, on Monday 19 October 1987, stock markets around the world crashed, shedding a huge value in a very short time. The total loss of wealth on just the American stock markets over the following five day period was approximately… Continue reading The Black Monday–25 years later

The Consequences of Frequent Trading

On a recent flight from Zurich to Nairobi, I met with Mike Jones, Managing Director of Argent Advisors Inc. based in Ruston, Louisiana. As I studied financial economics at the SSE and used to work with investments, I keep a keen interest in the subject. Therefore I enjoyed to talk with Mike about investment strategies… Continue reading The Consequences of Frequent Trading

Compliance and Ethics in Investment Banking

Andrew Carnegie (1835-1919) was an American industrialist, being the  founder of the iron and steel industry in the United States. He was also a philanthropist. At the age of 33, when he had an annual income of $50,000, Carnegie wrote himself a note, “Beyond this never earn, make no effort to increase fortune, but spend… Continue reading Compliance and Ethics in Investment Banking

SEPA end-date regulation – a strong driver for payment innovation

When the European Parliament passed the “single Euro payments area” legislation on Tuesday, it was an important milestone in creating a unified, European, payment market. The, somewhat, voluntary implementation of SEPA Credit Transfers, SCT, and SEPA Direct Debits, SDD, by the European banks was a corner stone, but the slow adaptation of the new products… Continue reading SEPA end-date regulation – a strong driver for payment innovation

How did the United States national debt become so high?

The United States national debt is causing the national budget to fall into dire straits. How did the US economy fall into such a bad state? Browse below or click on the link to download a presentation that explains what went wrong, why and how. How did the US debt go so bad    … Continue reading How did the United States national debt become so high?

Chased by the Regulatory wave!

There are some noteworthy aspect of the upcoming regulatory jungle. When analysing future business cases for new OTC-derivative products, you need to consider sections on future regulatory impacts! To give an example, the EMIR regulations stipulate a lot of detailed rules, for example actual exchange of collateral, most likely on a daily basis, this already might deter some… Continue reading Chased by the Regulatory wave!

Who should care about the coming EU-directive – EMIR?

Background of EMIR: EMIR is a forthcoming EU-directive that addresses some of the concerns that came to focus at the financial crisis in 2008. The financial crisis brought over-the-counter (OTC) derivatives to the forefront of regulatory attention. The near-collapse of Bear Sterns in March 2008, the default of Lehman Brothers on 15 September 2008 and… Continue reading Who should care about the coming EU-directive – EMIR?